TPG acquisition of Forcepoint G2CI from Francisco Partners
We are advising TPG on the acquisition
Davis Polk is advising TPG on its acquisition of Forcepoint’s Global Governments and Critical Infrastructure (G2CI) business from Francisco Partners. The transaction will separate Forcepoint’s commercial and G2CI businesses and will establish G2CI as an independent entity. Francisco Partners will retain a minority interest in Forcepoint G2CI and remain the controlling shareholder in the Forcepoint commercial business. The transaction is subject to regulatory review and customary closing conditions and is expected to close in the fourth quarter of 2023.
TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $137 billion of assets under management and investment and operational teams around the world. TPG invests across five multi-strategy platforms: capital, growth, impact, real estate and market solutions and its unique strategy is driven by collaboration, innovation and inclusion.
Forcepoint simplifies security for global businesses and governments. Forcepoint’s all-in-one, truly cloud-native platform makes it easy to adopt Zero Trust and prevent the theft or loss of sensitive data and intellectual property no matter where people are working. Based in Austin, Texas, Forcepoint creates safe, trusted environments for customers and their employees in more than 150 countries.
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and longstanding investors in the technology industry.
The Davis Polk corporate team includes partners Oliver Smith and Darren M. Schweiger and associates Brian Lee and Christine Choi. Partner Kara L. Mungovan and counsel Aliza Slansky are providing tax advice. Partner J.W. Perry and counsel Jack Orford are providing sponsor finance advice. Partner Pritesh P. Shah is providing intellectual property advice. Partner Adam Kaminsky is providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.